Union Minister for Finance and Corporate Affairs Nirmala Sitharaman will embark on an official visit to Uzbekistan from 24th to 28th September, 2024. The Union Finance Minister will lead the Indian delegation of officials from the Ministry of Finance. During the visit, Sitharaman will attend the Ninth Annual Meeting of Board of Governors of Asian Infrastructure Investment Bank (AIIB) scheduled in Samarkand on 25th and 26th September 2024, besides other important bilateral meetings with her counterparts from Uzbekistan, Qatar, China, and AIIB President.
Posts in category Business Standard
G R Infra gains on emerging L-1 bidder for Nagpur metro project (24-09-2024)
G R Infraprojects added 2.88% to Rs 1,712.70 after the company said that it has emerged as lowest bidder (L-1) for a metro project worth Rs 903.534 crore awarded by Maharashtra Metro Rail Corporation, Nagpur (MMRC).
US Dollar Index regains some lost ground; Incoming data to guide rate outlook (24-09-2024)
The US dollar index is gaining ground on Tuesday after having plunged to a near 14 month low recently as Fed is seen on a rate cutting spree. The yield on the US 10-year Treasury note extended gains to approach 3.78%, the highest level since the beginning of September, after S&P Global PMIs continued to point to a robust although slowing growth in the US private sector. The expansion was led by services while the contraction in the manufacturing deepened. Manufacturing PMI unexpectedly declined to 47.0, while the services PMI expanded at a better-than-projected 55.4. Among Fed speakers overnight, Fed’s Goolsbee stated that rates need to come down adding that many more rate cuts will be needed. On the other hand, Minneapolis Fed President Neel Kashkari stated that the Federal Reserve is still focused on data to guide its decisions while Bostic commented that the recent half-point rate cut doesnt establish a pattern for future cuts, also noting that risks to the labor market have .
Exxaro Tiles spurts on stock split proposal (24-09-2024)
Exxaro Tiles surged 16.94% to Rs 93.94 after the company announced that its board will meet on Monday, 14 October 2024, to consider a proposal for the sub-division / split of equity shares of the company.
Motilal Oswal MF buys 2% in smallcap stock that is up 1,515% in 16 months (24-09-2024)
V2 Retail was locked in 5% upper circuit at Rs 1,284.85 on the NSE after Motilal Oswal MF bought a 2 per cent stake in the company via the open market on Monday.
Reliance Power hits 5% upper circuit after board’s nod for fundraise (24-09-2024)
Reliance Power share price was locked in the 5 per cent upper circuit at Rs 40.06 per share on the BSE. The stock also reached its 52-week high on Tuesday
Here’s why Pondy Oxides shares rose 5% on September 24; details here (24-09-2024)
The uptick in share price came after the company announced that it will raise funds worth Rs 250 crore via QIP, coupled with the record date announcement for the stock-split.
Barometers trim all gains; oil & gas shares rally (24-09-2024)
At 11:30 IST, the barometer index, the S&P BSE Sensex shed 39.25 points or 0.05% to 84,889.36. The Nifty 50 index lost 7.85 points or 0.03% to 25,931.20.
Punjab National Bank launches QIP; floor price at Rs 109.16 /share (24-09-2024)
Punjab National Bank informed that its board has approved the opening of qualified institutional placement (QIP) of equity shares with the floor price of Rs 109.16 per share.
L&T gains after arm bags mega order from Middle East region (24-09-2024)
Larsen & Toubro 1(L&T) advanced 1.09% to Rs 3,828.75 after the company’s power transmission & distribution (PT&D) vertical secured ‘Mega’ order in the Middle East for expanding and strengthening the electricity grids at high voltage level.